University of California Sells $2 Billion in Bonds Amid Discrimination Lawsuit

The University of California has successfully sold approximately $2 billion in general revenue bonds within the municipal-bond market. Bloomberg posted on X, highlighting the timing of this financial move as it coincides with a newly filed federal lawsuit. The lawsuit accuses the university's Los Angeles campus of discrimination against Jews and Israelis. This legal action has brought attention to the university's practices and policies, potentially impacting its reputation and financial strategies. Despite the lawsuit, the bond sale proceeded, reflecting the institution's ongoing financial activities and commitments.